Oklo Inc. (NYSE:OKLO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Oklo Inc. (NYSE:OKLO) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $32.50.

OKLO has been the topic of a number of analyst reports. Craig Hallum initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price on the stock. Wedbush upped their price target on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Citigroup lifted their price objective on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th.

Oklo Trading Down 5.5 %

Oklo stock opened at $47.75 on Friday. The firm has a 50 day simple moving average of $26.63 and a 200 day simple moving average of $17.39. Oklo has a 1-year low of $5.35 and a 1-year high of $52.99.

Insider Activity

In other news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Kinzley bought 5,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oklo

A number of large investors have recently bought and sold shares of OKLO. Anfield Capital Management LLC purchased a new stake in shares of Oklo during the fourth quarter valued at approximately $43,000. Kozak & Associates Inc. purchased a new stake in Oklo during the 4th quarter valued at $57,000. Spire Wealth Management purchased a new stake in Oklo during the 4th quarter valued at $72,000. Wolff Wiese Magana LLC bought a new stake in Oklo in the 4th quarter worth $99,000. Finally, Stephens Consulting LLC purchased a new position in shares of Oklo in the fourth quarter valued at about $127,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.